Research Updates

FERTILIZER SECTOR UPDATE
15/05/25

Short Description
Fertilizer Sector Update - April Showers Uneven Gains: Urea Down, DAP Inches Up

Detail Description
Fertilizer offtake posted a mixed picture in April 2025, with total nutrient offtake dropping 8.8% y/y to 222kt, led by a steep 23.5% decline in urea sales to 251kt. 
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